Flexifusions authenticated early debit order (AEDO) system is best suited to businesses with
walk-in clients that are typically applying for loans, asse t purchases or insurance premiums. Clients are able to electronically authorize future dated deductions from their bank accounts. Mandates are registered on a mobile or tabletop device at the point of sale, these devices are
supplied by Flexifusions.
The AEDO debit order system and mandates are supported by many banks, the mandates are
registered on the AEDO database by using the client’s card and PI N authorization to validate the
transaction.
The AEDO system as with the NAEDO system allows for you to opt in on t he credit tracking functionality
for up t o 32 days, this feature greatly increases the chance of successful collections, for up t o 32 days
the tracking allows for the collection to be done as soon as t he debtor receives funds.
AEDO DEBIT ORDER BENEFITS
Improved Successful Collections
Credit tracking for up to 32 days
may be implemented, therefore
should a debtor receive funds in
their account within the
allocated tracking period, the
debit order amount will
immediately be debited to honor
the transaction.
Risk Mitigation
Making use of the AEDO system
implicates that an electronic
mandate is registered, and the
authorization is complete,
therefore disputes are virtually
impossible.
Reduced Fees and Fraud Risk
Utilizing the AEDO system
greatly reduces the
administrative cost and cash
handling fees.
Should the merchant utilize the
AEDO system for his collections,
the risk of fraud would be
substantially reduced.